Koshinski Asset Management Inc. increased its holdings in Morgan Stanley (NYSE:MS) by 23.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,884 shares of the financial services provider’s stock after buying an additional 5,729 shares during the quarter. Koshinski Asset Management Inc.’s holdings in Morgan Stanley were worth $2,048,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in Morgan Stanley during the fourth quarter valued at approximately $1,296,799,000. FMR LLC lifted its holdings in Morgan Stanley by 104.8% during the fourth quarter. FMR LLC now owns 35,972,769 shares of the financial services provider’s stock valued at $2,465,213,000 after purchasing an additional 18,409,146 shares in the last quarter. Primecap Management Co. CA purchased a new position in Morgan Stanley during the fourth quarter valued at approximately $827,361,000. Price T Rowe Associates Inc. MD lifted its holdings in Morgan Stanley by 12.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 98,409,202 shares of the financial services provider’s stock valued at $6,740,591,000 after purchasing an additional 10,552,671 shares in the last quarter. Finally, Janus Henderson Group PLC lifted its holdings in Morgan Stanley by 26.7% during the fourth quarter. Janus Henderson Group PLC now owns 12,476,174 shares of the financial services provider’s stock valued at $854,988,000 after purchasing an additional 2,631,219 shares in the last quarter. 76.79% of the stock is currently owned by institutional investors.
In other news, insider Jeffrey S. Brodsky sold 18,500 shares of the business’s stock in a transaction on Thursday, January 21st. The shares were sold at an average price of $74.57, for a total transaction of $1,379,545.00. Following the completion of the sale, the insider now directly owns 174,603 shares of the company’s stock, valued at $13,020,145.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan Pruzan sold 18,880 shares of the business’s stock in a transaction on Friday, January 22nd. The shares were sold at an average price of $74.53, for a total transaction of $1,407,126.40. Following the sale, the chief financial officer now directly owns 287,834 shares of the company’s stock, valued at $21,452,268.02. The disclosure for this sale can be found here. Insiders have sold 212,380 shares of company stock valued at $15,582,671 over the last three months. Insiders own 0.26% of the company’s stock.
MS stock opened at $79.04 on Thursday. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 2.50. Morgan Stanley has a twelve month low of $35.53 and a twelve month high of $86.64. The stock has a market capitalization of $143.21 billion, a price-to-earnings ratio of 13.33, a price-to-earnings-growth ratio of 2.17 and a beta of 1.59. The firm’s fifty day simple moving average is $79.86 and its two-hundred day simple moving average is $66.12.
Morgan Stanley (NYSE:MS) last posted its quarterly earnings data on Tuesday, January 19th. The financial services provider reported $1.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.29 by $0.63. The business had revenue of $13.64 billion for the quarter, compared to analysts’ expectations of $11.53 billion. Morgan Stanley had a net margin of 19.16% and a return on equity of 12.33%. The business’s revenue was up 25.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.20 earnings per share. As a group, equities research analysts expect that Morgan Stanley will post 5.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, February 12th. Stockholders of record on Friday, January 29th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Thursday, January 28th. Morgan Stanley’s dividend payout ratio is currently 28.11%.
Morgan Stanley Company Profile
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals in the Americas, Europe, the Middle East, Africa, and Asia. The company operates through Institutional Securities, Wealth Management, and Investment Management segments.
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